Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10653 E Tamarisk Way Scottsdale, AZ 85262

4 Beds 4 Baths 3,325 sqft Built 1998

$1,650,000

List Price

$4,850

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $496.24
  • 4 Days on Market
  • MLS # : 6175943
  • Updated Date : 12/31/2020 at 20:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,325 sqft
  • Baths : 3 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This beautiful home sits on the 12 fairway of Cochise Geronimo at Desert Mountain . It offers great city lights, Pinnacle Peak & sunsets! The Cochise Ridge Village offers peace and quiet , with easy access to everything the community has to offer. From the gated entry courtyard with morning sun, to the expansive and sunny resort patio with pool and spa, you will enjoy each part of every day and night you spend in the desert. Beautiful, light-filled ,living and dining spaces lead to the kitchen/hearth room. The master suite has its own private patio and large master bath. The ''Sierra Padre'' plan has 4 bedrooms, a rare find in Cochise Ridge. All in fabulous Desert Mountain with 6 Nicklaus courses, 6 restaurants, world-class spa/fitness/tennis and much more. A casita can be added

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $122k1329k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Desert Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000550060006500Rent in $10456509

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Black Mountain Elementary School Primary Regular 463 29 8
Sonoran Trails Middle School Middle Regular 841 39 9
Cactus Shadows High School High Regular 1,704 70 8

Black Mountain Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
8
GreatSchools Rating

Sonoran Trails Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 39
9
GreatSchools Rating

Cactus Shadows High School

  • Education Level: High
  • # of students: 1,704
  • # of teachers: 70
8
GreatSchools Rating
 

$1,485,000$1,815,000$1,650,000

PURCHASE PRICE

$4,365$5,335$4,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,850
EXPENSES Loan Payment -$6,088
Property Tax -$770
Property Insurance -$92
HOA -$36
Property Management Fees -$99
CASH FLOW
-$2,235

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,650,000

PROJECTED PRICE

$4,850

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$443,000

INVESTMENT

$443,000

Down Payment
$412,500
Rehab Estimate
$5,750
Closing Costs
$24,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$6,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $412,500
Loan Amount $1,237,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$727

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $4,688

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$6,000
$6,000
RENT COMPS ANALYSIS
  • 10653 E Tamarisk Way Scottsdale, AZ 1
    • 4 beds 4 baths ∙ 3,325 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,325 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 40199 N 105th Place Scottsdale, AZ 2
    • 3 beds 4 baths ∙ 3,528 Sqft ∙ Built 1992 3 beds 4 baths ∙ 3,528 Sqft ∙ Built 1992
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.99
    •  
  • 10687 E Fernwood Lane Scottsdale, AZ 3
    • 3 beds 4 baths ∙ 3,282 Sqft ∙ Built 1996 3 beds 4 baths ∙ 3,282 Sqft ∙ Built 1996
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.83
    •  
PROPERTY LISTING DETAILS
Cynthia I Kolander
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175943
Last Updated: 12/31/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy